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,C I{ A P T E ~ AM EN DM EN T. AN ACT to amHhd the ChaRter of the City of EUgene, Oregon,, by adding a new chapter thereto authori~ing and empowering the Co,tureen Council of the city to is.~ue and ]e.~l negotiable bonds of the ct. ty to the amount of Thirty-Pive Thousand Dollars, or so much thereof as may be necessary for the purpose of paving street intersections of the city. THE CITY O~ EU ;HNE DOE~ O~DAIN AS BE IT ~ACTE~ BY THE kw~kl]TO~S 0~ THE CITY O~ kNIGIfl~E O~;ON. Section 1. That the Cmmnon Council of the City of g~gnen ts hereby author~ izod and empow~?red to issue and sell negQtlable bonds of the city to the amount of Thir..y-five Thousand Dollars or so much thereof as may be necessary for the purpose of paving street intersections of the city: the Section 2. That/bonds hereby authorized shall be denominated "Paving Inter- section Bonds." They shall be a general obligation of the City of Eugene, and shall be in such form and of such denominations as will t~ the ,Judgment of the Common Council be most likely to conduce to their salability. They shall be made due and payable in 20 years from the date of t'he~lr 1ssuanSe, end bear interest'at a rate not to exceed 5'per cent pit annFm, payable semi-anua~ly. Section 3. That the Con, non Council of the City of Eugene is hereby author- izod bt include in its 'general ~u'nic-{'apl tax levy 'eaOh yea~ a sufficient special levy to. pay-the-interest on-the'b~nds-andprOvlde a sinking fund-for_the, payment _ of then~ when due. Section 4. That the'~Con~non Council of the city is hereby authorized to Issue and sell- the said-bonds~ from[ time to time, as-they may beneeded-for-the-purpose- herein specified, ~ut before any of them shall be sold, they shall be advertised for sale, by publication of a notice asking for bids therefor to be published in the two daily-papers published now in E~gene, Oregon, in at least one issue of such daily papers, two 'eeeks prior to the time of .the sale; and they may also give. notice of the sale of s~dd bonds in such other papers as they deem to be best for a · if no satisfactory bids for the the interest of the city in effecting a s lc, but, purchase of the bonds be,recopy, ed, they may sell them at private sale at not less than at par an,! accrue! interest. Om motion Council adjourned. Geo. A. Gilmore City Recorder.